Project risk management is the process that project managers use to manage potential risks that may affect a project in any way, both positively and negatively. The goal is to minimise the impact of these risks. A risk is any unexpected event that can affect people, technology, resources, or processes (including projects). Unlike a regular problem that may arise, risks are incidents that may occur suddenly, sometimes entirely unexpected. Project managers do not always know which risks the project is exposed to, when they occur, and why. Due to this high degree of uncertainty, project risk management requires a serious and in-depth approach.
Controlling & Mitigating project and contract associated risks appear to be one of the most complex tasks in the contemporary business world. The extremely compound structure of modern contracts and projects make the process of risk allocation even more strenuous. For any given successful entity it is crucial to anticipate and manage the likelihood of different types of risks, as in turn, it affects the reputation, cost overruns, client relationships, and other business-related proceedings.
Contracts, Project Risk Management & Compliance training course has been designed in order to address the aforementioned task and equip its attendees with necessary skills and modern knowledge for effectively managing contract and project risks while ensuring compliance with existing rules and regulations.
By the end of the Contracts, Project Risk Management & Compliance course the participant will be able to:
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Apply useful techniques in identifying, analysing, mitigation and monitoring risks in the project life cycle
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Appreciate the entire process of contract and project risk mitigation
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Assess Different types of risks associated with project scope, schedule and available resources
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Apply Effective tools and techniques while performing quantitative and qualitative risk assessments
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Use a practical, six-step process to manage project risk
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Review the impacts of different approaches to risk allocation
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Explore different contract types to transfer risks
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Consider the contractual techniques to ensure effective risk allocation
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Learn how to create an effective risk monitoring plan and risk management strategies
Contracts, Project Risk Management & Compliance training course , is ideal for :
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Project Risk Managers, Project Managers & Officers
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Professionals working with Purchasing, Procurement or Tendering
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Risk & Compliance Managers and officers
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Finance & Audit Personnel
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Individuals who want to develop and refine their project and contract risk management skills.
Our courses in London are held at the LPC office located at:
Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.
Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.
